LONDON FINTECH IN MONSTER £56M RAISE.

Co-founder and CEO Anil Stocker

Technology-driven business lender secures £26 million equity funding while debt facility of £30m also secured to drive FinTech-bank partnerships.

London FinTech MarketInvoice has secured £56 million in new funding to drive partnerships with banks and expand its presence in the UK market.

A Series B equity funding round of £26m was led by Barclays and Fintech Fund Santander InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company.

Technology credit fund Viola Credit, who also participated in the equity round, will provide a debt facility of up to £30m to help scale the MarketInvoice business loans solution which sits alongside its core invoice finance solutions.

“This investment is perfectly timed for the company. The quality of investors we are bringing in through this funding round is a real testament to the whole team at MarketInvoice and the value we are building,” said co-founder and CEO Anil Stocker.

By Jonathan Symcox.

Full story at Business Cloud.